Rb Model Development Manager

Empowering Africa’s tomorrow, together one story at a time.
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

The purpose of the role is to manage the development and continuous enhancement of Business Bank models for large, medium and SME corporate lending by playing a leading role in the entire credit risk model build, implementation and governance lifecycle. Act as a Senior technical advisor to junior quantitative analysts and Model Development analysts across wider Model Risk and Development team

Job Description

Join a diverse team of dynamic model developers. We are looking for experienced Model Development Managers with a background as quantitative analysts developing PD, LGD and EAD models for Regulatory Capital and Impairments (IFRS9) models in a banking or consulting environment.

We will expect you to take ownership of the full end-to-end model development lifecycle (development, implementation and governance) to meet relevant business as usual and project timelines.
- You will be involved in model developments and your role will, to some degree, include mentoring, performance management, talent management and succession planning
- You will be accountable for ensuring that all activities and duties are carried out in full compliance with regulatory requirements, risk management frameworks and internal policies and standards and understand and manage risks and risk events (incidents) relevant to the process.
- You will also play an active role in providing directional expertise to enhance model building skills across the team, including transferring knowledge and experience to junior team members and peers, and keep up with industry trends to ensure increased capacity to build models.
- Your ability to effectively manage stakeholders across different functions is key.

Key Accountabilities:
Stakeholder Management
- Actively engage stakeholders (model users, validation team, and monitoring team, regulators) to be fully engaged in process and delivery.
- Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas.
- Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions.
- Explaining methodologies and data feeds to Internal Audit, External Audit, SARB and their representatives.
- Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback.
- Contribute to the development of a high-performance culture
- Participate in planning, resource allocation, training and team-building functions

Expert Advisory
- Stay abreast of industry trends and role players and ensure that the function is well positioned to provide competitive and industry leading services.
- Scan the external market to understand future challenges and ensure that the function is positioned to deal with multiple and often contradicting scenarios across Absa.
- Expert technical adviser to junior quant and modellers across wider team across the following model/methodology disciplines: Model Risk; AIRB (PD, LGD, EAD) and Impairment (IFRS9)
- Provide directional expertise to enhance model building skills within the team, ensuring increased capacity to build models, by transferring knowledge and experience gained.

Model Development
- Develop models in-house by ensuring model build data are of sufficient quality, completing statistical data analysis and producing detailed model build documentation while conforming to the governance structures.
- Ensure successful implementation of models by assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and helping out with testing (comparing implementation results with prototype results) to ensure the model is implemented correctly
- Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Absa Model Risk Policy. This includes responding to Independent Review/Validation questions and reworking the model build to include issues raised.
- Provide and detail appropriateness, perform and report impact analysis and recommend the use of both internal existing corporate models as well as external industry standard models available.
- Ensure model compliance with Group governance standards by following and adhering to standards
- Communicate results and recommendations from analysis and modelling undertaken to other areas of Risk by tailoring the interpretation to the audience and using appropriate presentation technology and templa